Best Egg Personal Loans Review (2026): What You Need To Know

Best Egg is an online lender offering fixed-rate personal loans from $2,000 to $50,000, with APRs starting at 6.99% for unsecured loans and as low as 5.99% for its secured home-fixture option. You'll need a minimum 640 FICO score to qualify, and most borrowers can expect funding within one to three business days.

Key Takeaways

• Fixed rates start at 6.99% APR for unsecured loans, and as low as 5.99% APR through Best Egg's secured home-fixture loan.

• Loan amounts run from $2,000 to $50,000, with fixed terms of 36 or 60 months for most unsecured and home-secured loans.

• Origination fees range from 0.99% to 9.99% and come out of your loan proceeds before you receive funds, with a 4.99% minimum on terms of four years or longer.

• A 640 minimum FICO score gets you in the door, but you'll generally need a credit score of 700 or higher and about $100,000 in annual income to land Best Egg's lowest rates.

• There's no prepayment penalty, so paying off your loan early can help you save on interest.

• Best Egg isn't available in a handful of states, commonly cited as including Iowa, Vermont, West Virginia, Washington, D.C. and U.S. territories, and it doesn't offer co-signer or joint loan applications.

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Summary generated by AI, verified by MoneyLion editors

What Is Best Egg? A Quick Overview

Best Egg is an online personal loan lender that launched in 2014 under parent company Marlette Funding, LLC. The company has facilitated tens of billions of dollars in funding across millions of loans, and it holds an A+ rating with the Better Business Bureau. Loans are issued through Cross River Bank, a New Jersey-chartered commercial bank (Member FDIC), or Column N.A. (Member FDIC), not by Best Egg itself.

The lender focuses on borrowers with fair to good credit who want fixed monthly payments, quick funding and a fully digital application. Its standout feature is a secured loan option: Rather than requiring your entire home as collateral, Best Egg secures the loan with permanent fixtures like cabinets, vanities and light fixtures, filed as a lien with your county. This makes it a lower-risk alternative to a home equity line of credit while still unlocking a meaningfully lower rate.

Best Egg Personal Loans at a Glance

Rates and terms are subject to change, and your actual APR depends on your credit profile, income, loan amount and term. Always review your loan's terms and conditions when you get prequalified to confirm it's a fit for you.

What Are the Pros and Cons of Best Egg?

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.

What Are Best Egg's Rates, Fees and Terms?

All Best Egg rates are fixed, so your monthly payment stays the same for the life of the loan. One important detail: The origination fee is deducted from your loan proceeds upfront, not tacked onto your monthly bill.

That means if you're approved for $15,000 with a 5% origination fee, you'll receive $14,250 but repay the full $15,000 plus interest. Factor this in when deciding how much to request. If you need $15,000 in hand after the fee, you'll want to request more, since the origination fee comes off the top rather than getting added to your balance.

Here's a closer look at the costs:

Best Egg doesn't publish a standard late-payment fee for its personal loans, though a returned payment charge may apply if a scheduled payment doesn't clear your bank account. Always confirm current fees in your loan agreement, since terms can change.

Secured vs. Unsecured: Which Best Egg Loan Is Right for You?

An unsecured personal loan doesn't require collateral, since approval is based entirely on your creditworthiness. A secured loan uses an asset as collateral, which can lower your rate because it reduces the lender's risk.

Best Egg's secured option is unusual because your home itself is never used as collateral. What's used instead is a lien on specific fixtures permanently attached to your home, like built-in cabinets, vanities or light fixtures. Items that aren't attached, such as TVs or portable appliances, don't count. That structure makes it less risky than a HELOC while still offering a meaningful rate reduction, and no appraisal is required.

Keep in mind that Best Egg's secured home loan isn't available everywhere. It's currently excluded in a handful of states beyond the lender's standard exclusions, so confirm availability during prequalification.

Do You Qualify for a Best Egg Loan?

To be considered for a Best Egg personal loan, you'll generally need to meet these requirements:

• A minimum FICO score of 640, which falls in the fair range of 580 to 669

• Verifiable income and employment

• A U.S. residential address in an eligible state (Best Egg isn't available in a handful of states, including at least Iowa, Vermont, West Virginia, Washington, D.C. and U.S. territories, so confirm current availability directly)

• A debt-to-income ratio within Best Egg's guidelines

For the best rates, you'll likely need a credit score of 700 or higher, which falls in the good range of 670 to 739, along with an annual income around $100,000. Borrowers below those benchmarks can still qualify, but they'll typically see higher APRs.

You can check what rates you may qualify for through prequalification, which uses a soft credit pull and doesn't impact your credit score. A hard inquiry only happens after you accept an offer.

How Does Best Egg Compare to Other Lenders?

Best Egg's edge is its competitive floor rate and secured loan option. Upgrade wins on flexibility with longer terms and joint applications. LendingPoint works well for smaller loans but caps out at $36,500. You can compare personal loan offers from multiple lenders to find your best rate.

Is Best Egg a Legit Lender?

Yes, Best Egg is a legitimate lender for personal loans.

Best Egg launched in 2014 under its parent company, Marlette Funding, LLC, and has facilitated tens of billions of dollars in funding across millions of loans. Loans are issued through Cross River Bank, a New Jersey-chartered commercial bank (Member FDIC), or Column N.A. (Member FDIC).

Best Egg holds an A+ Better Business Bureau rating and has been named to J.D. Power's U.S. Consumer Lending Satisfaction Study rankings in multiple recent years. Positive reviews tend to highlight fast funding and an easy application process. That said, keep an eye out for higher-than-expected APRs and origination fee surprises, so read your offer details carefully before accepting.

Who Should Get a Best Egg Personal Loan?

Choose Best Egg if you:

• Have a FICO score of 640 or above and want a competitive fixed rate.

• Need funding quickly, potentially by the next business day.

• Are a homeowner or vehicle owner who wants to leverage a secured loan for a lower APR.

• Want to consolidate debt and prefer Direct Pay to send funds straight to your creditors.

• Value a simple, no-penalty option that lets you pay off a loan faster if your finances improve.

Consider looking elsewhere if you need a co-signer, want terms outside the three-to-five-year repayment range or have excellent credit, since fee-free lenders may save you more. You can also explore personal loans for good credit to compare fee-free alternatives.

How Do You Apply for a Best Egg Loan?

1. Check your rate. Enter your loan amount, purpose and basic info on Best Egg's website. You'll get prequalified offers within minutes with no impact to your credit score.

2. Review your offers. Compare APR, monthly payment, origination fee and term. Homeowners and vehicle owners should explore the secured option to see if it lowers their rate.

3. Complete the full application. Submit income and employment documents, like pay stubs, tax returns or bank statements. A hard credit pull happens at this stage.

4. Sign and receive funds. Review your loan agreement, sign electronically and receive funds, typically within one to three business days.

Ready to see what you could qualify for? MoneyLion can help you compare prequalified personal loan offers from multiple lenders side by side, with no impact to your credit score and no obligation to accept.

The Bottom Line

Best Egg is best suited for borrowers with fair-to-good credit (640-plus) who want fast, predictable funding.

Unsecured APRs range from 6.99% to 35.99%, with a lower 5.99% floor available through the secured home-fixture loan, and origination fees of 0.99% to 9.99% are deducted upfront from your proceeds. The secured loan option, backed by home fixtures or vehicle equity, can unlock meaningfully lower rates without putting your entire home on the line. There's no prepayment penalty, so you can pay your loan off early and save on interest.

Just remember that Best Egg doesn't accept co-signers or joint applications, and it generally offers only three- or five-year terms.

Key Terms

• Annual percentage rate (APR): The yearly cost of borrowing, including interest and certain fees, shown as a percentage so you can compare the true cost of loan offers.

• Origination fee: A one-time upfront charge, typically 1% to 10% of the loan, that a lender deducts from your funds before disbursing the loan.

• Secured loan: A loan backed by collateral, such as a home fixture or vehicle equity, which can lower your rate because it reduces the lender's risk.

• Unsecured personal loan: A loan that doesn't require collateral, where approval and rate depend on your creditworthiness, income and other financial factors.

• Soft credit inquiry: A credit check used during prequalification that lets you preview loan offers without affecting your credit score.

• Hard credit inquiry: A formal credit check performed when you accept a loan offer, which may cause a small, temporary dip in your score.

• FICO Score: A credit scoring model ranging from 300 to 850. Best Egg requires a minimum of 640, which falls in the fair tier of 580 to 669.

• Direct Pay: A feature that sends debt consolidation loan funds directly to your creditors instead of depositing them into your account first.

Summary generated by AI, verified by MoneyLion editors

Sources

• Best Egg: Personal Loans

• Consumer Financial Protection Bureau: What Is a Personal Installment Loan?

• myFICO: What Is a Credit Score?

• J.D. Power: U.S. Consumer Lending Satisfaction Study

Summary generated by AI, verified by MoneyLion editors

FAQ

Here are quick answers to common questions about Best Egg personal loans:

Does Best Egg allow co-signers? No. Best Egg only accepts individual applications. If you need a co-signer to strengthen your application, other lenders such as Upgrade accept joint applications.

What credit score do you need for a Best Egg loan? Best Egg requires a minimum FICO score of 640, which falls in the fair range of 580 to 669. The lowest advertised rates typically go to borrowers with scores of 700 or higher and annual income around $100,000.

How long does it take to get money from Best Egg? About half of Best Egg borrowers receive funds the next business day after approval. In general, expect funding within one to three business days once your application and documents are verified.

Does Best Egg charge an origination fee? Yes. Best Egg charges an origination fee of 0.99% to 9.99% of your loan amount for unsecured loans, deducted from your proceeds before deposit. The minimum fee is 4.99% on terms of four years or longer, and secured home loans carry a slightly different range of 1.49% to 9.99%.

Does checking your Best Egg rate hurt your credit? No. Checking your rate with Best Egg uses a soft credit inquiry, which doesn't affect your credit score. A hard pull, which can temporarily lower your score, only happens after you formally accept a loan offer.